Startups are rapidly changing systems. If you use an annual review cycle, you aren't getting feedback at the same pace that you need to adapt and change the business.
Fred WilsonThe more entrepreneurs in the world that are getting their ideas financed, the more great companies there are going to be that we can all invest in.
Fred WilsonCustomers are a great way to finance a business for many reasons. First, customer financing is typically non dilutive. They want something from you other than equity in your business. Customers also help you fit your product to the market. And customers will help debug and improve the quality of the product.
Fred Wilson